Riordan_Manufacturing_Confidential_ProprietaryRiordan

Riordan Manufacturing Confidential Proprietary

Riordan Manufacturing
Game Plan

MISSION

Six Sigma, leading edge R&D and exceeding ISO 9000 standards define the attitude and abilities of Riordan Manufacturing.
We are industry leaders in using polymer materials to provide solutions to our customers challenges.
Out R&D is, and will remain, the industry leader in identifying industry trends.

OUR FUTURE

Focus on achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth.

GOALS

$50 million operating income
20% market share
Strengthen position at top 20 large accounts
Improve Employee Satisfaction by 15%
Lean manufacturing processes to attain a 10% reduction operating expenses
Lay the ground work for significant share and profit gain in 2007

PROGRAMS

Implement empowered, focused product development teams to deliver the roadmap to target dates
Fully launch the Pyramid Bottle product line
Become Kudler Fine Food’s best partner
Reduce product costs 10% +.
Deliver the industry’s best (flexible and evolvable) plastics
Streamline the organization; drive the spirit of quality through the culture.

Keys to Success

STRATEGY

Serve the market through the top 15 customer-clusters.
Strengthen Riordan brand and make it a significant competitive advantage
“Win the next generation bottling materials” with more innovative and environmentally friendly products.
Become the industry’s best global plastics manufacturer.
Supply Chain Excellence
Establish a leadership position in beverage containers and bottles

Riordan Manufacturing Confidential Proprietary

Overarching Goals

Transform/

leapfrog

Clean –

Efficiency

Cost Competitiveness

Effectiveness

Focus on strategic goals/initiatives

Transformation

Develop new products

Environment

People Make it

Happen

Riordan Manufacturing Confidential Proprietary

Environment

Put the best people in jobs

Create a ‘quality’ culture

Staff for success

Transformation

Create an agile workplace

Enable timely customer management

Leverage enterprise wide supply chain processes and systems

Effectiveness

Execute product quality plan

Fully leverage key aspects of the environment

Efficiency

Make the numbers

Best in class supplier/vendor management

Overarching Objectives

Riordan Manufacturing Confidential Proprietary

Current Year PERFORMANCE SCORECARD

Riordan Manufacturing Rev 2.4

STRATEGIC DIRECTION

PERFORMANCE MEASUREMENT

Strategic Objectives

Current Year Initiatives

Business Processes

Business Results

Financial

Achieve World Class financial performance

Customer & Market

Delight customers and and secure top 20 large accounts
Grow government market by 15%

People

Become a desired manufacturer to work for
Continue to operate as a high performance team and have fun winning together

Financial

- Efficiently manage headcount

- Reduce product cost(s) through process improvement

Customer & Market

- Develop and deliver quality product roadmap on-time

- Strengthen brand thus creating a competitive advantage

Initiatives

Develop ERP and MRP processes and tools that reduces cost by 10% and cycle time by 15%

Define the Pyramid Bottle Strategic marketing plan & implementation plan

Deliver on “Time to Market” commitments with improved quality on products

Drive extension of our design capability through collaborative co-design with top 15 customers

Build the “Brand” through delivery of designs recognized as “World Class” coupled with high revenue generating experience solutions

Leadership

Simplify organizational structure
Clarify roles and responsibilities
Build leadership depth

Strategic Planning

Optimize portfolio and resources to deliver the maximum return on investment

Customer & Market

Improve Sales and Operations Planning Process(es)
Collaborative forecasting, planning and replenishment to strategic customers

Human Resource

Establish team rewards
Execute Six Sigma training plans

Lean Processes

Streamline Time-To-Market Processes

Financial

Achieve World Class financial performance

Operating Earnings: $9M
Sales: $50M
Free Cash Flow: $4.5M

Customer Market

Delight customers and and secure top 20 large accounts

20% improvement in Customer Satisfaction
Deliver Products On-Time; 0 Slippage on New Product Launch
Deliver next generation bottle design – Q4 ’06
90% Customer Requested Ship Date

Organization

Reassess Spans & Layers People
15% positive increase in Employee Satisfaction Survey
Retain 95% of key talent

Riordan Manufacturing Confidential Proprietary

Cascading Alignment of Riordan Manufacturing Scorecard Goals

Riordan Manufacturing Confidential Proprietary

Efficiently

manage

headcount

Reduce

product costs

through

process

improvement

Develop and

deliver quality

product

roadmap on-

time

Strengthen

brand thus

creating a

competitive

advantage

Develop ERP and

MRP processes and

tools that reduce cost

by 10% and cycle

time by 15%

Define the Pyramid

Bottle Strategic

marketing plan and

implementation

plan

Deliver on "Time to

Market"

commitments with

improved quality on

products

Drive extnesion of

our design and

capability through

collaborative co-

design

Build the "brand" through

delivery of designs

recognized as "World

Class"

SVP - R&DKenneth Collins

Deliver roadmpa

for next

generation heart

valves, medical

stents, and

complementary

medical devices

Implement Six

Sigma training

program and

processes

Establish co-

design/coolaborati

on with world

class medical

facility

Deliver two new designs of

devices to market place

VP TransportationClyde Cousins

Reduce carrier

costs by 5%

Reduce carrier

cycle time by

VP Sales & MarketingCharles Lacy

Create market

brand

recognition for

medical

products

Define the market

strategy for the

Pyramid Bottle

Position Riordan as the

leader in the delivery of

'plastic solutions'

Director of Human ResourcesYvonne McMillan

Effectively

manage global

resource

demands

VP Product SupportBob Havings

Deliver 'best in

class' product

support

VP OperationsMark Neitzel

Review

outsourcsing

options for

standard

plastic

products built

in Albany plant

Oversee high level

deliverables for

implementation of

ERP and MRP across

all plants

Standardize

plastics

components to gain

quality

improvements and

volume global

pricing

Director Plant Operations (Pontiac)Ronald Nelis

Develop JIT process

for components

required for the

custom plastic

fabrication

Achieve breakthrough

financial results for custom

plastic products

Director Plant Operations (Albany)Craig Granbeig

Develop

business

module

analyzing the

use of a VMI

supply chain

system for

Albary

Develop & implement

plan to meeting

customer required

due dates in the North

and North-Eastern

parts of the United

States when winter

conditions set in

Deliver Pyramid

Bottle on-time

within specification

VP International OperationsCharles Williamson

Obtain a 99% on-time

delivery of electric

fans from local

Chinese supplier and

reduce safety stock

requirements on

polymer material.

Chief Informations OfficerMaria Trinh

Deliver user friendly

tools which enable

organization to

integrate ERP and

MRP systems across

the entire global

enterprise.

Riordan Initiatives

Sheet1

		Riordan Initiatives
		Efficiently manage headcount	Reduce product costs through process improvement	Develop and deliver quality product roadmap on-time	Strengthen brand thus creating a competitive advantage	Develop ERP and MRP processes and tools that reduce cost by 10% and cycle time by 15%	Define the Pyramid Bottle Strategic marketing plan and implementation plan	Deliver on "Time to Market" commitments with improved quality on products	Drive extnesion of our design and capability through collaborative co-design	Build the "brand" through delivery of designs recognized as "World Class"
SVP - R&D	Kenneth Collins			Deliver roadmpa for next generation heart valves, medical stents, and complementary medical devices				Implement Six Sigma training program and processes	Establish co-design/coolaboration with world class medical facility	Deliver two new designs of devices to market place
VP Transportation	Clyde Cousins		Reduce carrier costs by 5%		Reduce carrier cycle time by 5%
VP Sales & Marketing	Charles Lacy				Create market brand recognition for medical products		Define the market strategy for the Pyramid Bottle			Position Riordan as the leader in the delivery of 'plastic solutions'
Director of Human Resources	Yvonne McMillan	Effectively manage global resource demands
VP Product Support	Bob Havings				Deliver 'best in class' product support
VP Operations	Mark Neitzel		Review outsourcsing options for standard plastic products built in Albany plant			Oversee high level deliverables for implementation of ERP and MRP across all plants		Standardize plastics components to gain quality improvements and volume global pricing
Director Plant Operations (Pontiac)	Ronald Nelis					Develop JIT process for components required for the custom plastic fabrication				Achieve breakthrough financial results for custom plastic products
Director Plant Operations (Albany)	Craig Granbeig		Develop business module analyzing the use of a VMI supply chain system for Albary			Develop & implement plan to meeting customer required due dates in the North and North-Eastern parts of the United States when winter conditions set in	Deliver Pyramid Bottle on-time within specification
VP International Operations	Charles Williamson					Obtain a 99% on-time delivery of electric fans from local Chinese supplier and reduce safety stock requirements on polymer material.
Chief Informations Officer	Maria Trinh					Deliver user friendly tools which enable organization to integrate ERP and MRP systems across the entire global enterprise.

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